LONDON: Iconic Labs, a prominent player in the corporate arena, announced a temporary suspension of its share trading on the London Stock Exchange. The Financial Conduct Authority (FCA) mandated the halt, coinciding with Iconic’s ongoing negotiations for a significant acquisition. The company’s board expressed its enthusiasm as it entered preliminary, non-binding agreements with ITS Holdings…
Category: London Stock Exchange
News and updates from London Stock Exchange
Foresight Enterprise VCT announces sale of Specac International
LONDON: Foresight Enterprise VCT Plc has successfully divested its stake in Specac International Limited, a leading manufacturer of mass spectroscopy accessories. The sale culminated in a substantial £11.2 million in proceeds, marking a tenfold return on the initial investment, with an impressive internal rate of return (IRR) of 34%. Prior to the transaction, the company’s…
OTE S.A. to spin off mobile towers business, review pay-tv operations
ATHENS: The Hellenic Telecommunications Organization S.A. (OTE S.A.), the largest telecom operator in Greece, said on Monday that it is planning to spin off its mobile towers business into a separate entity, as part of its strategy to boost its value and performance. The company, which operates under the COSMOTE brand, said that it has…
Sanderson Design signs collaboration to launch online shop for Morris & Co.
LONDON: Sanderson Design Group PLC (AIM: SDG), the luxury interior design and furnishings group, announced a direct-to-consumer collaboration in which Morris & Co. wallpapers, fabrics and licensed products will be made available from a dedicated online shop serving customers in the UK, USA and other countries worldwide. This online collaboration is in line with the…
Shaftesbury Capital acquires 25-31 James Street, Covent Garden
LONDON: Shaftesbury Capital has completed the acquisition of the freehold interests in 25-31 James Street, Covent Garden for £75.1 million. The properties have a contracted rent of £3.9 million and comprise 21,000 square feet of lettable area, including 12,000 square feet of retail and 9,000 square feet of residential and office accommodation. This acquisition presents…
HUI and Powerhouse Energy partner to build hydrogen plant in Ireland
LONDON: Hydrogen Utopia International PLC (HUI), a company that converts non-recyclable mixed waste plastic into hydrogen and other green fuels, has announced a new partnership with Powerhouse Energy Group Plc (PHE), a leader in low-carbon hydrogen production technology. The two companies have signed a subscription and shareholder agreement to build a waste plastic to hydrogen…
Versarien sells Korean graphene plant and licenses patents to MCK Tech
LONDON, UK: Versarien Plc, the advanced materials engineering group, has announced that it has sold its plant and equipment in South Korea, which were used for producing graphene, to MCK Tech Co. Ltd for £604,000. The deal also includes an exclusive licence agreement for MCK Tech to use five of Versarien’s patents in Korea for…
Hornby Plc has bought The Corgi Model Club
LONDON, UK: Hornby Plc, the international models and collectibles Group, announced the acquisition of the assets, trade and intellectual property of The Corgi Model Club (CMC) from Blue 14, an investment vehicle majority-owned by entrepreneur Jim Lewcock. The management of CMC is joining Hornby, with Guy Stainthorpe appointed as the Brand MD of Corgi. The…
FRP Advisory acquires GW Holdings Ltd and Gordon Wilson & Co Ltd
LONDON, UK: FRP Advisory Group plc, a leading national specialist business advisory firm, has announced the acquisition of GWC, a Douglas-based firm that provides advisory and insolvency services across the Isle of Man. GWC consists of two entities including GW Holdings Ltd and Gordon Wilson & Co Ltd. The deal, which is the Group’s eighth…
Coinsilium Group raises strategic financing to boost Web3 ventures
LONDON: Coinsilium Group Limited, a Web3 advisor, venture builder and investor, has announced a strategic financing of £472,500 through the issue of 18.9 million new ordinary shares at 2.5p per share. The financing also includes the participation of the company’s executive chairman and chief executive officer, who subscribed for £40,000 worth of shares. The company…
Essentially Group to acquire Best of Latin Foodstuff Trading for £1.945 million
LONDON, UK: Essentially Group’s wholly owned subsidiary, Essentially Holdings Limited, a company registered in Abu Dhabi Global Market, has signed a share purchase agreement for the acquisition of the entire share capital of Best of Latin Foodstuff Trading LLC from the sole shareholder, Catalina Oñate, for a total consideration of £1,945,000. The consideration is to…
Entain reports strong results for 2023 and announces strategic priorities
LONDON: Entain plc, the global sports betting and gaming group, announced its results for the year ended 31 December 2023, showing a 14% increase in net gaming revenue and a 1% increase in EBITDA. The group also announced its revised strategic priorities, focusing on driving organic growth, expanding online margins, and increasing US market share….